tv Forbes on Fox FOX News October 14, 2017 8:00am-8:30am PDT
love them and they love me. neil: okay, i like the passion you bring to the table here, ben. [laughter]. and i want to thank you personally. >> i've been trying to make up. neil: there we go. >> drip, drip, drip, leaks supposedly from the administration spilling out once again, rumors all denied, by the way, from the white house about a cabinet member calling the president moron, to the president unravelling, and the nuclear arsenal. john kelly making an appearance at the white house to squash the story. true or not, these distractions are slowing the president's pro-growth agenda. should we be worried is this let's go to steve forbes, michael, elizabeth macdonald,
bruce, and steve, general kelly's press conference, it was reassuring to a lot of people, but the leaks keep coming. >> well, every administration david has breeks as people jockey for position, jousting with other agencies and the key is that kelly has brought function to the white house and these leaks are not stamping in the way of the big tax cuts through, the problem there, david, is congress and not the white house. david: should we be concerned about management at the white house? >> i don't think that we should be concerned at all and there's a reason for it. what is pro growth about trump's agenda is the simple truth is that he is distracted, the white house is distracted, that it can't get anything done. as weird as that sounds, if you look through history the presidents that have not a lot of legislation has the best growth, will the' go back to calvin coolidge. david: mike, we have rumors, many of them unsubstantiated and
nonetheless, they're out there. and general kelly, he had a remarkable press conference. let's play a clip of that, go ahead. >> i was not brought to this to control anything, but the flow of information to our president so that he can make the best decisions. it's always, always, always focused on protecting america and advancing america's economic development, jobs for america, safety for americans, and with that i'll let you go. david: so, mike, do you buy that? >> i think, david, it's very, very hard to control the flow of information when the information's made up by the media. so, whether it be the nuclear arsenal, or the russians, or that or that, you know, fake news is not something that kelly is going to be able to prevent and i don't buy it it's hurt trump at all. he's put out a very good frame work for tax cuts, a good frame
work for health care and as steve pointed out, congress hasn't got at the point the job done. david: bruce, i saw you shake your he head when mike was speaking. >> and some of these leaks are from those who don't have enough work to do. but listen, they've saved the taxpayers some money because it's not fake news that secretary price was spending hundreds of thousands of dollars flying private jets around the country. david: by the way, secretary price, who is know the there anymore, he lost his job because of that. >> yeah, hasta la vista. it's the revolving door. when people leave you get leaks and some of the leaks could be heldover from people leaving and they're not all bad for sure. david: e-mack, the question is the management of the white house. is the white house being managed well and is that affecting the growth agenda? >> i think that general kelly is doing a great job. i think that the white house has a problem with leaks. i think it's the press establishment's job to do its
job. i don't agree about the attacks about fake news, they're quoting nine sources at a time. i'll say this, larry connors, it's striking that nbc would not report ronan farrow's well-sourced about harvey weinstein and that's something to talk about. i think it's distraction when you have to have the white house chief of staff come out and talk about the leaks. it's a distraction away from the growth agenda. david: although a lot of people said they were glad to to see him, but the fact that he looked in command and reasserted his commitment to the trump administration and we should mention, by the way, it hasn't hurt the markets which are booming. the gdp had a great growth spurt as we saw in the last quarter, that may change because of the hurricanes. and consumer confidence are at record highs. go ahead. >> that all makes me happy and i hope it continues that way and i
think it's a sure way to ensure it does is to make sure that we get massive tax reform. i worry that leaks are a problem. this is a president that can't stay focused to get his agenda done and he's consumed by what other people are saying about him in a way that's not good. we have to get this tax reform done and i'm worried that this will take the white house completely off track. david: but, steve, that's not what general kelly said on thursday. he said that the president is very focused on the growth agenda, that he is trying his best to get the job done and that general kelly himself has kind of rearranged the white house to make sure he can concentrate on this. >> absolutely. this week he went to pennsylvania to promote tax cuts and the real problem, david, is congress. they're dragging their feet, not coming up with legislation, the white house staff and certainly treasury department under
secretary mnuchin are pushing these tax changes. if congress could get off its duff and work an eight-hour day instead of a two-hour day. david: it seems this congress is always on vacation. it's kind of easy to say it's all congress's fault. on the other hand, you think of how they've failed time and again to get together, just the republican block alone. >> yeah, no, i think that's a great point and the president, you know, he was criticized for not being focused and all of that sort of stuff when he was running for president. that was one of the reasons why so many people, oh, he's not going to win and that's bogus. he's laser focused. look at his executive orders for things like deregulation in the energy industry. that's been tremendous. every single thing he could do, even now what he's doing with health care, he's focused on actually giving people what they want to the extent that he can without congress doing anything. david: john, i heard you scoff a little when mike was talking
about his focus, but you cannot deny what he has done with regard to deregulating the economy, getting some of these regulations out is as good for a lot of companies as a tax cut. >> absolutely. that's one of the unsung successes of his administration, 16 regulations repealed for every one brought forward. i would say i would love massive tax cuts, no one would love it, other than steve moore than i would, but the simple truth is these are not massive tax cuts. my argument, even if they don't get them through, it's not going to mean much. gridlock alongside deregulation is a growth agenda. david: e-mack. >> i think anybody would love a tax cut, any kind of a tax cut right now. it's interesting how paul ryan is saying we're going to work through christmas to get the tax cuts done when they took the august recess. i would say this is sabrina is right, this is about messaging. when the president comes out and says i'm going to sic the sec
for fake news, getting his message forward, and the others is distraction. >> the messaging, one role that the white house has to play here, talking to the public, explaining that a tax cut isn't just more money in your bank account, it's about more freedom. this is his one and should be his one and single role right now. it shouldn't be talking about fake news or defending leaks. it should be talking about how he's going to bring more freedom to the american public. if he does that we'll see tax cuts and better and a stronger nation. david: we have to leave it at that. the president says his brand new executive order is going to be cutting health premiums by creating more competition, but will it work? we'll debate it next. ron! something's going on at schwab. oh really? thank you clients? well jd power did just rank them highest in investor satisfaction with full service brokerage firms... again.
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morning to you, i'm leland vittert. those devastating wildfires in northern california continue to rage with the number of dead rising as well, 32 people now confirmed dead, making this the deadliest week of wildfires in state history and hundreds are still missing. forecasters say gusty winds this weekend could fan the flames once again. and overseas, a massive truck bomb exploding in mogadishu, the capital of somalia. at least 20 people are dead in what residents there are calling the most powerful blast they've heard in years. the bomb apparently targeting a hotel. no claim of responsibility yet, but suspicions pointing toward the radical islamic group al-shabaab that's aligned with al-qaeda. i'm leland vittert. a lot more at the top of the hour. now back to forbes on fox. >> i will sign an executive order taking the first steps to
providing millions of americans with obamacare relief. it directs the department of health and human services, the treasury and the department of labor to take action to increase competition, increase choice, and increase access to lower priced, high quality health care options. david: president trump promising his new health care executive order will increase competition and decrease premiums. steve, you say he's on the right track. how ask going to work? >> what it's going to do is allow flexibility in the individual market. the individual market for health insurance has been decimated by obamacare. this allows short-term policies that are affordable that can give you coverage short-term, which obama did away with. having more national competition across state lines is a good thing. so he's taking steps to revive a market that needs to be revived if we're truly to have patient-controlled health care. david: by the way, e-mack, a lot
of charge companies have been doing this, having clinics in their own companies, sisco, for example. let's look on the screen at some of the details of the health care, increased choices beyond obamacare plan, competition, joining together across state lines. but what about those folks, e-mack, who are stuck right now in the obamacare exchanges? >> that's the key question, how do you take care of those with pre-existing conditions. striking statistic, 5% of the population are responsible for 50% of the health costs and about the poor and senior citizens and the state associations for businesses who combine to buy insurance across state lines and that's an importa important. and they can go to states that have lax rule and they don't have to cover preexisting conditions. that's an issue. david: it sounds like he's trying to infuse into obamacare the free market, is that possible? >> i think this is a strategy
that conservatives ought to pursue more of. to be clear, he hasn't done anything, but asked regulatory agencies to sort of go back and review things and figure out a better way. how can we deregulate some of obamacare. there are a few steps between now and a free market. he's definitely moving in the right direction, pulling government out of the business of health care which will drive up choice and lower costs. david: and bruce, i think i found something in what he did that you might approve of. he is stopping-- on friday he announced he'll pull back to subsidies to private insurance company, the first part of the tweet you probably won't like. obamacare is imploding and dems should call me to fix. you're not in favorite of corporate welfare, are you? >> no, i'm definitely not. he's got it wrong. the subsidies are a pass-through and go directly to the patients
and to the insurance companies. david: bruce, bruce, you know-- you really don't think that any is being skimmed off for the insurance companies? >> listen, listen, the insurance companies, if they don't have the subsidies, they're going to get rate increases of 25%. they don't really-- i mean, this is not something that hurts the insurance companies. it hurts the patients. and on these association health plans and the state lines thing, this has been-- it didn't work. david: by the way, it's hurting the insurance companies whose stock went down as soon as it was announced on friday. take a look at what the top five insurance companies, the profit they made in the first half. this is just five insurance companies, and it's just the first half of the year. they made $10.3 billion, this is the worst kind of corporate welfare, first they get my money in premiums and then get my tax money. >> david, now we know why they helped co-author obamacare, there's the proof right there. david: exactly, exactly.
and i mean, the president is on to something, pulling back on the subsidies, mike, right? >> it comes down to more choice. what you have are people like bruce who want health care to be determined by a handful of elite people in washington d.c. and it's all with taxpayer money and others who are trying to get more choice and more freedom. i think that the way to go is more choice and more freedom, and it always gives a better product. david: john, i know it's still a health care system encumbered by a huge amount of government, but is this a step in the right direction? >> oh, yeah, in the world we live in, it's a step in the right direction. let's the insurance companies not suffering the package compete. i love that. the shame is that we're talking about this and every other industry not encumbered by government prices are falling. health care is expensive precisely because washington has policy regarding it. david: steve, you know what i love about this? it does point out for point to private companies, the private sect sector, and the market is always
coming up with solutions better than what's come up inside the beltway. private companies are already doing a lot of this stuff, aren't they? >> they're trying to within the constraints of the crazy health care system where the patient is not in charge and it's third party. hospitals, for example, know that their revenues depend not on satisfying the patient, but how well they negotiate with large companies and large insurers and with the government. so the more they can open this market up, allowing companies to offer policies that meet our needs, i, for example, did not need pregnancy services, but i'm forced to buy it, ridiculous. david: we'll leave it at that. for those who didn't know, the way. >> (laughter) >> the cashin' in gang getting ready to roll at the bottom of the hour. trish, what have you got. >> players and owners meeting on the national anthem fiasco, is the free market going to decide who wins this fight. and not all democrats are giving back the money they got from
disgraced hollywood producer harvey weinstein. should they? the bottom of the hour. david: we will be watching. first, a soda tax going flat in one democrat-controlled county. and some say that could spark a tax revolt all over the country. we'll explain, coming up next. i was a good soldier. i had purpose and i loved it. you never told me you were a hero. you are my hammer out there. don't let these young guys see you fold. ♪ i'm only human ♪ i make mistakes get down! ♪ i'm only human ♪ it's all it takes ♪ don't put the blame on me thank you for looking after my son. we're brothers. we look after each other. thank you for your service. rated r. ♪ don't put the blame on me throughout my career, i've been fortunate enough to travel to many interesting places.
throughout history, the one meal when we come together, break bread, share our day and connect as a family. [ bloop, clicking ] and connect, as a family. just, uh one second voice guy. [ bloop ] huh? hey? i paused it. bam, family time. so how is everyone? find your awesome with xfinity xfi and change the way you wifi. >> well, a taxpayer revolt in america's heartland may be showing what frustrated taxpayers should be doing all over our land, just two months after imposing a tax on sweetened beverages. outrage from consumers and retailers and taxpayers forcing
chicago's cook county board members to repeal it this week. e-mack, you're saying this is a great message for americans that they can fight taxes on their own without worrying about those. >> exactly, it's a lower and middle income guys that said, hey, wait a second. we don't need a soda tax to tell us that sugar is bad for us. they're the ones who fought back and they saw that this soda tax is filling government budget holes blown open by spending. >>. david: let's start to somebody in chicago, bruce. i understand your family is divided on this point? >> yes, i have a teenage daughter who is not with me on this issue, but that's okay. she likes pop. so i would say, let's not get too excited here. the deciding vote was john daley, the former mayor's brother, and he was pressured, i'm sure by the business community. so what you have to do is wait six to 12 months to see which county commissioners have a new driveway or pool in the back yard. david: it's chicago, i've got to admit that. like, you look at signs people
were putting in their store windows, these are mom and pop stores saying, hey, look, you're paying more not because of us, but because of the politicians. >> this to me is a symbol, david, that america is so overregulated, so overtaxed and, yeah, this is just soda, but it's spread through our economy and it's one of the reasons why our economy has been growing so slowly. david: john, i understand the next group i'm going to quote has a vested interest in this, but the american beverage association says people are catching on to what these taxes are. they're money grabs, they are telling their elected officials there's a better way that doesn't hurt working people, right? >> every dollar that goes to governments at all level gives them more control over the economy, so good for the cook county voters, get rid of the taxes. david: and sabrina, good for americans taking in their own hands. i understand there were lobby i-isti i-ist--
lobbyists and politicians, but in was a down-home movement. >> i'm glad for the people out there. the sin taxes they do nothing to change behaviors. this is about padding the coffers of government and taking away freedoms. if this had to do with reducing sugar they wouldn't-- and reducing obesity, they wouldn't have included also flavored waters and juices. this is all such baloney. david: and to steve's point, there were political forces against the tax that probably had an influence, but there were political forces for it, and former new york city mayor bloomberg, a multi-billionaire spent $10 million in favor of the tax because he's against soft drinks and he lost. i kind of like that. >> well, david, the real health threat to america is not so much sugar as it is the sweet tooth of politicians for more of our money. so, good for the voters of
chicago. [laughter] >> all right. and john tamny, isn't it nice to know that people can make up their minds, that they don't need a nanny state to make it up for them. >> it's a beautiful thing. that's what we were founded on. david: a beautiful thing, indeed. forbes out with the new list of companies on the planet, and now revealing which ones will make you the most money on the planet. o sound paranoid, but d'ya think our recent online sales success seems a little... strange? na. ever since we switched to fedex ground business has been great. they're affordable and fast... maybe "too affordable and fast." what if... "people" aren't buying these books online, but "they" are buying them to protect their secrets?!?! hi bill. if that is your real name. it's william actually. hmph! affordable, fast fedex ground. (honking) (beeping) we're on to you, diabetes. time's up, insufficient prenatal care.
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>> and we're back with our informers top picks. e-mack you have a basket. >> vanguard morgan growth. apple, microsoft, companies like visa in it. it's cheap, up double digits. >> i like it not because of the holdings, but it's inexpensive to own. david: everybody knows about walt disney. why do you like it. >> slowly transforming to a tech
company. bought a majority stake in a company. >> if they get a grip on streaming technology, i'm not sure of it yet. david: and that's forbes on fox. keep it here for the number one business block that continues with trish regan and cashin' in. trish: forget football tomorrow, all eyes will be on nfl on tuesday. they have no plans to force players to stand up for the anthem. is that the wrong way to go. and good to see you all, welcome, everybody. gary, how do you think this is going to go? >> well, look, this meeting did not happen by accident. it's a necessity. ratings have been down. go look at some of the video how many empty seats are out there. a poll came out the nfl being one of the most